REI Lense

REI Lense

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$2,136 (target)

1448 May St, Dearborn, MI 48124

3 beds • 2 baths • 1649 sqft

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This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $64,302 initial cash invested.

-12.97%

Cash On Cash

4.27%

Cap Rate

0.65

DSCR

$2,136

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,136 income − $2,831 expenses = $695 out of pocket

Income$2,136Out of Pocket$695Mortgage P&I$1,67779%Property Taxes$50224%Insurance$964%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,302

Downpayment

20%

$61,240

Closing costs

1%

$3,062

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,136

Total Expenses

$2,831

Mortgage P&I

79%

$1,677

Property Taxes

24%

$502

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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